The Terra Luna Classic price has surged by 30% in the past 24 hours, with its race to $0.00023831 also marking a 104% gain in a week.
This means LUNC is the best-performing top-100 coin within these timeframes, with the altcoin gaining momentum in recent weeks as a result of increasing agreement within the Terra Luna Classic community.
And with this community recently providing more than 90% approval for a new upgrade, LUNC could continue rising in the next few days, particularly if the wider market continues its bullish uptrend.
Terra Luna Classic Price Prediction as LUNC Becomes Best Performer of the Week – $1 LUNC Incoming?
There’s little doubt that LUNC is very hot coin at the moment, with its indicators all moving into very bullish positions.
Indeed, its RSI (purple) is now touching 90, and while this ordinarily indicates that it has entered ‘overbought territory’, LUNC’s status as an oversold coin for so long should enable it to sustain gains over the coming weeks.
Encouragingly, the coin’s 30-day average (yellow) has only recently climbed over its 200-day (blue), implying that it still has quite a bit of time before it’s likely to correct downwards again.
Possibly the most bullish aspect of LUNC’s chart is its 24-hour trading volume, which after being negligible throughout previous months has not jumped to $1.25 billion.
This all-but guarantees that whales have resumed buying and accumulating the token, with many community members becoming increasingly confident that LUNC will reach new highs over the coming weeks.
$LUNC moving to "Golden cross"
USTC $0.5
LUNC $0.002
LUNA $20
Its about to happen in December 2023 before year end.LUNC bull run will be massive and BIG
— LUNC WHALE
(@MrOlusile) December 3, 2023
There are various reasons for LUNC’s improving fortunes, with the general market-wide rally being the most obvious.
Yet LUNC has also benefitted from the passage of a number of significant governance proposals, including a proposal – which has now been implemented – to halt the minting of USTC, LUNC’s sister stablecoin.
But it’s also important that the increasing acceptance of governance proposals points to growing harmony and agreement with the Terra Luna Classic community, something which points towards greater progress over time.
#LUNC GOVERNANCE
Proposal 11885 – YES pic.twitter.com/m5KJRGuo8o
—
LunaClassicLabs.com (@LunaClassicLabs) November 26, 2023
Indeed, one recent proposal – to introduce an update that fixes a mismatch issue – received 92% approval, making it one of the most widely accepted LUNC proposals in recent weeks.
As such, this highlights a growing shared sense of purpose among community members, and the possibility that LUNC may enjoy more growth in 2024.
The Terra Luna Classic price could therefore reach $0.001 within the first few months of the new year.
New Alts With Strong Fundamentals and High Potential
Because LUNC’s indicators suggest that its rally may be close to peaking in the short term, some traders may prefer to look elsewhere right now.
Luckily, there’s no shortage of new and promising alts in the market, with several presale tokens currently generating significant amounts of momentum.
Possibly the most promising of all is Bitcoin Minetrix (BTCMTX), a stake-to-mine platform that has raised more than $4.7 million in its ongoing presale.
Exploring the #Bitcoin Mining via #BitcoinMinetrix!
Simple access for newcomers.
Economical, no hardware costs.
No concerns about space, noise, or climate.
Smooth, hassle-free enhancements. pic.twitter.com/NVozjdG6cc
— Bitcoinminetrix (@bitcoinminetrix) December 4, 2023
Set to go live in the next few weeks, Bitcoin Minetrix’s platform provides users with the chance to stake its native token BTCMTX in order to mine actual Bitcoin (BTC).
Staking BTCMTX means that users receive tokenized mining credits in return, which they can then spend to have mining pools mine for them.
By doing this enough, users will receive mined BTC, with Bitcoin Minetrix’s system set to widen access to mining at a time when Bitcoin rewards are set to become scarcer.
On top of this, staking also provides users with a steady stream of new BTCMTX tokens, with the altcoin having a max supply of four billion.
1.4 billion of this supply has been allocated to the presale, which investors can join at the Bitcoin Minetrix official website.
1 BTCMTX is currently selling at $0.012, yet this will rise again in just under three days, while the coin’s listing on trading platforms could easily see it surge.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
The post Terra Luna Classic Price Prediction as LUNC Becomes Best Performer of the Week – $1 LUNC Incoming? appeared first on Cryptonews.
#PricePredictions #Altcoins #LUNC #TechnicalAnalysis #TerraLunaClassic #TerraLunaClassicPricePrediction [Source: CryptoNews]